Shanghai-listed Chinese hotel operator Shanghai Jin Jiang Development Co. Ltd. says it will raise as much as RMB3.035 billion (US$486.7 million) through a private placement of its shares to Hony Capital and its parent company, Shanghai Jin Jiang International Hotels, according to a regulatory filing. The company will offer 201.277 million A-shares to Hony Capital […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.